Maybank Quarterly - JUNE 2018

Maybank's First-quarter FY18 PBT up 13.7% to RM2.56 billion

Maybank Group's profit before tax (PBT) for the first quarter ended 31 March 2018 rose 13.7% to RM2.56 billion from RM2.25 billion a year earlier, buoyed by higher fund and fee based income as well as a continued decline in impairments. Net profit rose 9.9% to RM1.87 billion from the RM1.70 billion recorded in the corresponding period last year.

Net operating income for the first quarter came in at RM5.83 billion, which was 5.4% higher than a year earlier. This was on the back of a strong 12.6% increase in net fee based income to RM1.59 billion from RM1.41 billion, and a 2.9% rise in net fund based income to RM4.24 billion from RM4.12 billion a year earlier.

Sustained efforts in cost management resulted in the Group's cost-to-income ratio improving further to 47.6% from 50.1% a year earlier, as income growth outpaced overheads growth for the quarter. The higher revenue coupled with marginally lower costs helped lift the Group's pre-provisioning operating profit (PPOP) by 10.8% to RM3.05 billion compared to 1QFY17.

In Singapore, we saw:

PBT surged 82.2% to S$163.33 million for first-quarter of FY18, from S$89.63 million a year earlier.

The net income rose 17.8% to S$290.82 million on the back of a 31% surge in net fee based income and an 11.5% rise in net fund based income.

Win A Pair of Tickets to Your Favourite Fashion Capital This Shopping Season!

From now till 10 July 2018, stand a chance to be one of the three lucky winners to win a pair of Business Class tickets to one of the fashion capitals of the world - Milan, Paris or London. Simply charge S$10 to your Maybank Credit/Debit card for 1 chance. With every S$1,000 charge, you will get 1,000 bonus chances.

To match the aspirations of emerging affluent clients, Maybank Singapore has launched the Privilege Wealth segment to serve clients who deposit between S$50,000 and S$300,000 worth of assets with the bank.

Maybank Privilege is the start of a client's wealth journey and our team of personal financial advisors are well-equipped to educate clients in a wide range of investment solutions - be it savings, investment or insurance - in order to grow, protect and harness clients' wealth.

Maybank Private Wealth performed strongly at the inaugural Benchmark Private Wealth Awards 2017, winning two Gold awards and two Commendations and gaining further recognition in the growing global wealth management scene. Maybank Private Wealth was awarded the Gold for Investment Advisory Services and the Gold for its Human Capital Development at the Benchmark Awards.

The purpose of the awards was to raise awareness on responsible private banking and encourage ethical investing.

Alvin Lee, Head of Group Wealth Management at Maybank, said, "We are honoured to receive these prestigious awards. To compete with and be recognised by our peers propels us further in our commitment to be amongst the Top Wealth Management players in Asia-Pacific."

Community Engagement

Plant a Tree, Save the Earth

Staying committed to making a positive impact in the communities it operates in is at the heart of Maybank's business direction.

In support of Singapore's Year of Climate Action, over 100 Maybankers visited Kranji Marshes on 28 April to plant 100 trees. This was part of Garden City Fund's 'Plant-A-Tree' Programme which encourages individuals to actively participate in the greening of our City in a Garden by planting trees.

Maybank Blood Donation Drive

The bank also rallied staff to join its annual blood donation drive on 10 May. Through the support from staff and senior management, Red Cross Singapore collected 71 units of blood.

Humanising Finance

A Simple Dividend Investing Strategy

Thinking of building up a portfolio of dividend stocks? Maybank Kim Eng shares tips and tool on picking stocks that generate stable income, hold low debt and disburse good dividends.

We want to hear from you!
As we keep you informed on our new products and services, we would also love to receive your suggestions on how we can better serve you. Got more service gold moments to share? We are always ready to listen. Let us know via our feedback form.

Want the latest updates?

Follow us on our various channels

ENQUIRIES
This automated electronic direct mailer is not programmed to receive email enquiries or feedback. Please direct your enquiry to cs@maybank.com.sg instead.
UPDATES
If you would like to update your email address, login to www.maybank2u.com.sg or download this form, fill in the relevant sections, sign and mail it back to us.

UNSUBSCRIBE
As our valued customer, you get to enjoy updates of our latest offers. However, if you would like to be removed from our mailing list, please reply to this email with the word 'Unsub' in the subject title.